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Corporate News 05 Oct 2016 | 1:18 AM

PublicInvest Research retains Neutral call on Perdana Petroleum

KUALA LUMPUR: Public Investment Bank Research is retaining its Neutral call on Perdana Petroleum and an unchanged target price of RM1.21.

Business 05 Oct 2016 | 12:00 AM

Econpile gets RM280mil contract

PETALING JAYA: Econpile Holdings Bhd has secured a contract worth RM280mil for the construction work of a mixed development in Kuala Lumpur.

Business 05 Oct 2016 | 12:00 AM

May dashes City hopes in Brexit shock for banking

BIRMINGHAM: British financial-services companies will get no special favours in Brexit negotiations from Prime Minister Theresa May, who wants to change the relationship between the government and the City of London.

Telcos 04 Oct 2016 | 9:49 AM

Ericsson to lay off 3,000 in ‘large transformation’

STOCKHOLM: Telecoms equipment maker Ericsson on Tuesday confirmed recent media reports that it will cut 3,000 jobs in Sweden, including in production, research and development.

Corporate News 04 Oct 2016 | 12:21 AM

CIMB Research downgrades Perisai

KUALA LUMPUR: CIMB Equities Research has downgraded Perisai Petroleum Teknologi Bhd from Hold to Reduce and cut the target price from 23 sen to just eight sen.

Business 04 Oct 2016 | 12:00 AM

Globalisation strategy by MDEC

CYBERJAYA: Going global to build presence is never an easy feat for any company – especially with the growing economic uncertainties currently.

Business 03 Oct 2016 | 12:00 AM

ZEW’s Wambach sees German economic boom at risk

FRANKFURT: Germany’s economic success risks being undermined by the country’s unwillingness to adapt, according to the head of the ZEW Center for European Economic Research.

Business 03 Oct 2016 | 12:00 AM

Number of oil rigs back to work rises to 425 in US

NEW YORK: US oil producers put more rigs back to work, marking the highest level of activity since February as crude markets headed for a second monthly gain.

Business 03 Oct 2016 | 12:00 AM

Is it time to revisit the growth model?

PRIOR to 2008 Global Financial Crisis, there were hardly any central banks that considered using any of the unconventional monetary policies such as zero interest rate policy, quantitative easing, credit easing, forward guidance, negative deposit rate and unlimited foreign exchange intervention.

Business 03 Oct 2016 | 12:00 AM

Firms seen focusing on tax compliance planning

IRB and Customs Department ramping up enforcement activities